J Sainsbury plc (LON: SBRY), Eurasian Natural Resources Corporation (LON: ENRC) and Smiths Group plc (LON: SMIN) will be in the news next week.
We're moving towards the end of December 2012 reporting season, but we still have a pretty busy week ahead of us next week for company news. It's mostly results from smaller companies, but we do have a few FTSE 100 firms due to report. And we'll have some interim updates creeping in, too.
Here are three FTSE 100 companies set to bring us news during the week ahead:
J Sainsbury (LSE: SBRY) (NASDAQOTH: JSAIY) will release a fourth-quarter trading statement on Tuesday, ahead of full-year results due on 8 May. Sainsbury's shares had a strong second half last year, gaining more than 25% between June and October, to reach 360p. But the price has stagnated since then, closing at 354p yesterday -- but that's still more than 15% up on the year.
Sainsbury's has been steadily growing earnings and dividends right through the recession The City expects earnings to grow a further 5% this year, and the dividend yield is currently just under the 5% mark.
And further growth looks likely, after the company's third-quarter update in January told us of a 3.9% rise in total sales, with like-for-like sales up 1.5%. And the Christmas trading period was a record one, helping Sainsbury's to its 32nd consecutive quarter of like-for-like growth.
Eurasian Natural Resources
Wednesday will bring us full-year results from Eurasian Natural Resources (LSE: ENRC). The shares have slumped by 50% over the past twelve months -- but they have been lower, having recovered more than 25% since the start of the year, to 343p.
The miner, specialising in iron and ferrous alloys, has been plagued with rising operational costs, falling prices and rising debt. But there were bright points in February's fourth-quarter production report, with ferrochrome output up by 6.8%. Iron ore production was up a similar 6.8%, with total saleable iron ore product up 11.3%.
Full-year forecasts do suggest a very tough year for earnings, with a fall of 70% expected. But even that still puts the shares on a P/E of 11.5, with forecasts of recovering earnings for the next two years pushing the rating down. When we receive the results, many will be looking for the 2013 outlook.
On Wednesday we'll also have interim results from Smiths Group (LSE: SMIN).
Shares in the industrial engineer took off in November, and have since climbed nearly 30% to 1,308p, after the last interim update told us that underlying revenue was up across all of the firm's divisions and that headline operating profit was ahead of the previous year. With the divisions covering the oil, gas, medical and military markets, an economic upturn should serve the group well.
Smiths didn't really suffer during the recession, with only a minor earnings blip in 2009, and the dividend held up, too. For the year ending July 2013, forecasts suggest a 3% rise in earnings per share, with a further 7% indicated for 2014. That puts the shares on a P/E of approximately 14 for this year, dropping to 13 for 2014.
The dividend is expected to keep on rising, too, up around 5% this year and 6% next, for yields of 3% and 3.2% respectively.
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> Alan Oscroft does not own any shares mentioned in this article.